The Democratic Party - Club of the Privileged Elite

Updated on April 3, 2013

The Party of Big Business

We hear a lot these days about tax cuts for the rich, corporate fat cats, favoring the rich while cutting the poor, elderly and sick off at the knees. For the last 80 years Democrats have been known as the party the working man, while the Republican’s we’re known as the party of big business that favors the interests of the wealthy.

Recently during the debt ceiling debate, Republicans have been accused of wanting to cut basic aid to the poor and sick while refusing to close loopholes and raise taxes on the wealthy. Democrats and liberals have continually stated Republicans are the party of the rich, that they are beholden to corporate special interests.

It is true that big business has not been fond of Socialism because of its association with high taxes, regulations and the nationalization of industry. It’s also true that big business will play along with a statist regime if they think they can gain an advantage on their competition.

During the days of FDR’s New Deal, big business was instrumental in drafting economic policy to their own advantage. Today big government programs, bailouts and regulatory agencies favor the interests of the rich and powerful. Obamacare is the largest entitlement program in history and it rewarded the American Medical Association along with large insurance and pharmaceutical companies for their political support. According to Jonah Goldberg, big Insurance and pharmaceutical companies gave about 2- 3 times more support to Obama than to McCain in 2008.The 700 billion dollars plus stimulus program didn’t help the economy a bit but took the hard earned money from taxpayers to payoff to big labor unions in exchange for their support.

Wall Street favored Obama and the Democrats by a margin of 2 to 1 during the 2008 elections. Goldman Sachs has been giving four times more to democrats than republicans since 2006, according to Jonah Goldberg of The National Review. Now we’re hearing a lot about how well Goldman Sacs has been doing.

Peter Schweizer of the National Review says that according to The Center for Responsive Politics advocacy; groups that fund elections have leaned heavily Democrat. Schweizer said, “In 2006, 17 of the top 25 contributors to 527 advocacy groups are funding liberal/Democratic causes, including liberal billionaires George Soros, and Peter Lewis.” He also mentioned that in 2004 the vast majority of advocacy group donors who gave in the millions were to Democrats. Schweizer noted the large fuss made about contributions to Republicans from oil and gas companies, when in fact donations to Democrats from lawyers and Hollywood were about six times as much. Schweizer says that in 2004, of the of the 5 US senators worth over 25 million, only one was Republican.

According to columnist John Stossel of Townhall magazine, the average household headed by a conservative is less wealthy than one headed by a liberal. According to a study of state income ratings in USA Today, the wealthiest states voted overwhelming Democrat while the poorest states voted Republican. John Stossel, citing Professor Arthur Brooks, noted that conservatives who earn less than liberals, gave 30% more to charity, this included all charities, and conservatives are even more likely to give blood. And they say Republicans are the party of the rich and greedy!

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Comments 12 comments

Great hub. GE was possible the largest benefactor of the health care bill. Essentially it eliminates all of GE's competition in medical imaging.

Ghost32 5 years ago

One of the many "points of compatibility" between my beloved wife, Pam, and me...is her instinctive grasp of political realities. Many years ago, her liberal Democrat then-mother-in-law got upset because Pammie had convinced the lady's son (Pam's then-husband) to switch from voting Democrat to voting Republican.

When confronted, Pam simply told her, "Mom, we don't make enough money. We can't AFFORD to be Democrats."

Mommy-in-law didn't get it, but her husband (at that time a Clinton EPA appointee) did. He told his wife, "Honey, SHE'S RIGHT."

And that was the end of that conversation.

Voted Up etc.

wba108@yahoo.com 5 years ago from upstate, NY Author

AJReissig—Thanx for the comment! GE has been a partner with big government since the Scoopes Plan, early in the days of the New Deal, GE helped craft New Deal policy.

wba108@yahoo.com 5 years ago from upstate, NY Author

Ghost32—Good to hear from you ghost! Great story, things aren’t always as they seem, wealthy liberals are being generous with working people’s money. Many wealthy poeple are liberals because they don't have to bear the burden of thier own foolish policy.

breakfastpop 5 years ago

Terrific hub. It is easy for wealthy people (think Hollywood) to vote Democratic. They never live with the consequences of the party's bad decisions.

wba108@yahoo.com 5 years ago from upstate, NY Author

breakfastpop -- Thank You for your kind words! I think your on to something, Its easy to display largesse when your not paying the bill.

James A Watkins 5 years ago from Chicago

I love it! I love it! I love it! Finally, someone with no blinders on. The last part about conservatives giving way more money, time, and even blood to charities is never publicized by the Main Stream Press and most conservatives are not braggards, so you would be surprised how many people do not know this.

And it is true that big money favors the Democrats. It is an old myth that Republicans are the party for fat cats. That was true up to the 1960s and lesser so in the 1970s but not since. The rich figured out long ago that the Democrats would regulate the small businessman out of business.

wba108@yahoo.com 5 years ago from upstate, NY Author

James- Thanks alot for commenting, great to hear from you! Gee, they can't seem to get anything right! We better keep up the pressure till they come to thier senses or leave the country!-WBA

PoliticsNOW 5 years ago from New York

In the meantime, the Republicans and their allies in the media managed to mischaracterize the president's health care reform bill as both a "government takeover" and a gift to the health insurance industry, although in reality it was neither. Most Americans who say that they dislike the bill have very little knowledge of its actual provisions -- which are quite popular when polled individually.

Obamacare was a federal government takeover. The reason for this is that the money for the program is controlled by the government therefore they call the shots and make the important decisions.

I believe the health insurance industry was evenly split over obamacare but the big pharmaceutical companies contributed 2 to 3x more to Obama than McCain.-WBA

Veritas Separatim 4 years ago from Ohio

This concept of Republicans being the party of the rich is absolutely a heinous distortion of the truth. Because we support free markets, we supposedly support corporate greed- a fallacy perpetrated by institutionalized progressive theory taught to our kids in public schools and universities.

My favorite point to demonstrate this fact is the speech that Barack Obama gave a few days before his George Clooney fundraiser was set to take place where he demanded that Republicans stop allowing the wealthy to sneak by higher taxes. He explicitly stated in that speech that Republicans are the "Party of the wealthy." Three days later he is sipping wine in George Clooney's ocean side mansion in the Hills.

Its a complete fallacy. The Democratic Party is consistently the larger, more wealthy party in the United States. If people had the ability to open their eyes before their mouths they would easily be able to see this. It goes to show you how successful progressive politics have been in creating entire generations blind to the truth.

wba108@yahoo.com 4 years ago from upstate, NY Author

Well said! It's breathtaking how loose many liberals are with the truth, they just can't seem to square their leftist religion with the facts. To make it worse yet, they often accuse others of what they're actually doing. ie (George Clooney) and wealthy liberals! I appreciate your comments!